\*\*\_Fair Market\_\*\* Sales Value shall mean those certain values determined on
the following basis: (i) the subject value shall be the amount which would be
obtained in an arm’s length transaction between an informed and willing buyer
(who is neither a lessee in possession nor a used equipment dealer), and an
informed and willing seller under no compulsion to sell; (ii) the costs of
removal of the Aircraft from its then location shall not be a deduction from
such value; and (iii) in determining any such value, it shall be assumed
(whether or not the same be true), that (A) the Aircraft has been maintained
by Lessee and is in the condition in which it is required to be returned to
Lessor, in each case, in accordance with the Lease, and (B) such value has not
been diminished due to the existence of any damage history or Excess Hours.



 | A-4| 
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(Aircraft Lease MSN 42000181)

\*\* \*\*

\*\*\_FARs\_\*\* shall mean the Federal Aviation Regulations and any Special Federal
Aviation Regulations (Title 14 C.F.R. Part 1 et seq.), together with all
successor regulations thereto.



\*\*\_GAAP\_\*\* shall mean generally accepted accounting principles consistently
applied.



\*\*\_Governmental Authority\_\*\* shall mean any court, governmental or
administrative body, instrumentality, department, bureau, commission, agency
or authority.



\*\*\_Guarantor\_\*\* shall mean any guarantor or guarantors, as applicable,
identified in \_Schedule No. 2-A\_ and including any successor or permitted
assign, heir or estate.